The best indicator for Howmet Aerospace (HWM)
We backtested 20 indicators across daily, weekly and hourly charts on real Howmet Aerospace (HWM) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the daily chart, this is the strongest risk-adjusted edge we found for Howmet Aerospace (HWM) over ~9.6 years — trailing buy-and-hold by 8.5% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | WaveTrend (8/6/4) ✓ | Daily | 26.9% | 1.0 | -46.2% | 86.5% | 37 | -8.5% |
| 2 | EMA 20/50 Cross ✓ | Daily | 29.8% | 1.04 | -42.6% | 57.1% | 14 | -5.7% |
| 3 | Donchian Midline ✓ | Weekly | 23.8% | 0.92 | -40.8% | 48.0% | 25 | -12.3% |
| 4 | Heikin-Ashi Trend ✓ | Weekly | 23.2% | 0.9 | -34.7% | 49.5% | 91 | -12.8% |
| 5 | CCI ✓ | Daily | 19.2% | 0.88 | -34.1% | 75.0% | 44 | -16.3% |
| 6 | Rate of Change ✓ | Weekly | 22.4% | 0.85 | -43.3% | 46.4% | 28 | -13.7% |
| 7 | EMA-10 Trend ✓ | Daily | 21.4% | 0.83 | -36.5% | 44.3% | 203 | -14.1% |
| 8 | RSI Trend (>50) ✓ | Weekly | 18.9% | 0.75 | -45.3% | 31.8% | 22 | -17.2% |
| 9 | MACD ✓ | Daily | 16.9% | 0.7 | -42.9% | 46.1% | 102 | -18.5% |
| 10 | ADX / DMI ✓ | Weekly | 13.7% | 0.68 | -56.2% | 50.0% | 18 | -22.4% |
| 11 | RSI Trend (>50) ✓ | Daily | 15.9% | 0.67 | -42.4% | 44.2% | 129 | -19.5% |
| 12 | Rate of Change ✓ | Daily | 15.3% | 0.65 | -48.2% | 45.3% | 148 | -20.1% |
| 13 | Holy Grail Confluence ✓ | Daily | 12.4% | 0.6 | -41.6% | 86.7% | 15 | -23.1% |
| 14 | Williams %R ✓ | Daily | 12.9% | 0.58 | -62.4% | 73.7% | 57 | -22.5% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Howmet Aerospace (HWM), WaveTrend (8/6/4) on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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